Feature

Pipeline Giant TransCanada Could Rise 35%

An attractive alternative to U.S. MLPs, TransCanada has a robust pipeline and generates lots of cash.

The controversial Keystone XL pipeline, which would transport oil from Alberta to refineries in the U.S. Midwest and Gulf Coast, has been held up for four years by political and environmental red tape. But that hasn't slowed the growth of TransCanada, one of North America's largest energy- pipeline companies. Even without the $5.4 billion Keystone XL, the Canadian pipeline giant has an industry-leading $30 billion backlog of projects in the works.

Often overlooked by U.S. investors, TransCanada (ticker: TRP) is an...